Commercial Syn Bags Ltd

Commercial Syn Bags Ltd

₹ 169 3.57%
22 Jun - close price
About

Incorporated in 1984, Commercial Syn Bags
Ltd manufactuers and exports containers and packaging materials[1]

Key Points

Business Overview:[1]
Commercial Syn Bags Limited (Comsyn), based in Indore, is a leading manufacturer and exporter of packaging solutions, including Flexible Intermediate Bulk Containers (FIBCs), tarpaulins, woven sacks, and BOPP bags.

  • Market Cap 688 Cr.
  • Current Price 169
  • High / Low 200 / 122
  • Stock P/E 26.1
  • Book Value 44.0
  • Dividend Yield 0.24 %
  • ROCE 13.9 %
  • ROE 16.1 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.85 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 12.0% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
60.58 79.47 68.26 71.07 69.63 76.89 86.65 86.49 97.79 90.51 98.45 97.48 100.56
53.78 72.89 60.84 67.07 60.89 70.02 78.79 77.04 86.41 79.49 85.45 85.39 88.66
Operating Profit 6.80 6.58 7.42 4.00 8.74 6.87 7.86 9.45 11.38 11.02 13.00 12.09 11.90
OPM % 11.22% 8.28% 10.87% 5.63% 12.55% 8.93% 9.07% 10.93% 11.64% 12.18% 13.20% 12.40% 11.83%
0.14 0.27 0.56 0.24 2.27 0.85 0.80 0.13 2.25 0.71 0.36 0.15 1.41
Interest 1.69 1.63 2.05 1.65 3.08 2.33 2.10 2.74 2.20 2.44 2.10 2.16 2.43
Depreciation 2.56 2.63 2.71 2.79 2.81 3.00 2.67 2.64 0.52 2.72 2.67 2.73 2.75
Profit before tax 2.69 2.59 3.22 -0.20 5.12 2.39 3.89 4.20 10.91 6.57 8.59 7.35 8.13
Tax % 11.52% 1.93% 27.02% 30.00% 37.11% 19.25% 7.71% 16.19% 26.12% 15.53% 1.98% 18.37% 22.02%
2.39 2.54 2.35 -0.25 3.22 1.93 3.60 3.52 8.07 5.55 8.42 6.00 6.34
EPS in Rs 0.60 0.64 0.59 -0.06 0.81 0.48 0.90 0.88 2.02 1.39 2.11 1.50 1.57
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
191 213 323 290 288 347 387
167 189 289 266 261 312 339
Operating Profit 24 25 34 24 27 36 48
OPM % 12% 12% 10% 8% 9% 10% 12%
2 1 4 2 3 4 3
Interest 4 4 7 6 8 9 9
Depreciation 7 8 9 10 11 9 11
Profit before tax 14 15 21 9 11 21 31
Tax % 21% 17% 14% 14% 27% 20% 14%
11 12 18 8 8 17 26
EPS in Rs 3.22 3.37 4.92 2.02 1.97 4.29 6.52
Dividend Payout % 16% 20% 14% 0% 0% 9% 0%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 10%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 48%
TTM: 53%
Stock Price CAGR
10 Years: %
5 Years: 31%
3 Years: 33%
1 Year: 26%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 12%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 12 12 12 40 40 40 40
Reserves 57 67 93 81 89 110 137
52 86 84 76 109 115 129
19 32 32 30 36 43 52
Total Liabilities 140 197 222 226 273 308 358
58 87 94 99 108 100 106
CWIP 14 0 0 13 0 2 26
Investments 0 0 -0 -0 22 23 24
68 109 128 115 143 183 202
Total Assets 140 197 222 226 273 308 358

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
27 -9 6 38 6 1 39
-17 -17 -7 -30 -29 -0 -45
-10 28 -1 -8 23 0 5
Net Cash Flow -0 2 -2 -1 0 1 -1
Free Cash Flow 10 -27 -9 10 -0 -1 -1
CFO/OP 130% -25% 29% 172% 30% 9% 94%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 35 37 40 35 54 49 62
Inventory Days 110 190 115 129 164 160 149
Days Payable 21 37 30 34 39 37 40
Cash Conversion Cycle 124 190 125 130 179 172 171
Working Capital Days 35 35 42 44 28 40 31
ROCE % 13% 16% 8% 9% 12% 14%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Total Manufacturing Capacity
MTPA

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Capacity Utilization
% ・Standalone data
FIBC Sales Volume
Million Nos
Export Presence
Countries
Comsyn India Private Limited Capacity
MTPA ・Standalone data
Geo-textiles Plant Capacity Utilization
% ・Standalone data
Trading Volume (DCA cum CS of OPaL)
MT ・Standalone data
Comsyn India Private Limited Capacity Utilization
% ・Standalone data
Solar Power Generation
Lakh Units ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
58.66% 58.79% 58.79% 58.79% 58.79% 58.79% 58.79% 58.79% 58.79% 58.79% 58.79% 59.18%
0.00% 0.00% 0.00% 0.11% 0.00% 0.00% 0.00% 0.00% 0.24% 0.11% 0.00% 0.17%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09%
41.34% 41.22% 41.22% 41.10% 41.21% 41.22% 41.22% 41.21% 40.96% 41.10% 41.21% 40.56%
No. of Shareholders 4,8754,9214,6984,7114,6715,7355,8645,2404,8106,0155,0075,832

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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